1. 2d time at Australia House 1) H - C Sympathy Ryder Cup 2nd press fund load of home [?] [? occasion] - as distinct from home [? rule]

2. Fund 8 years £675,000 - Michael Grade Channel 4 This year Bill Heeps Thomson [?] Innovator - 1/2 per cent; membership fee off eligible employees

3.(a) - media - come a long was since 1982 Channel 4&slash Sky B.S.B. to follow Today, Independent, The Correspondent, Scotland on Sunday, Wales on Sunday and a THUD of colour supplements [end p1] Sundays - reading rather than of Rest Our of Fleet Street F.T. Daily Main & Express

4. news business ever more instantaneous - Japan - [? Moscow] [? Bratsh] Chris Moncrieff - [? bawling] his message down the phone Colleagues - [? purchasing] $;2 dollars

5. Year of momentous events Age of rapid communication matched by a world of constant evolution - largely a peaceful [? time] Russia - Poland & Hungary 2/4 Nov 88 84 Hopes are rising - S.Africa Namibia. Mozambique. Angola.

Economically - Privatisation pursued far beyond shores of Britain - Intly sound money, enterprise incentive [end p2] Life is very very different - achievement - you in your dispassionate way - even note BUT hopes & confidence have risen enormously in last 8 years

Still dragons to be slain. Drugs, violence, terrorism know - rely on you to help crush these scourges of [? contem …] by [? stopping] degradation of its false glamour & by informed and constructive comment Well in your charitable works - it's what we are here for - Bill Heeps - get further on way to £1m, which Thatcher years will no doubt produce. [end p3]

Thatcher hails liberty

Mrs. Margaret Thatcher paid tribute last night to a new world mood that is expanding individual liberty. “We have lived through very exciting times, times we perhaps won't see again for many, many years, perhaps for decades,” she told a Newspaper Press Fund gathering in London. President Gorbachev had “transformed” East-West relations. Poland and Hungary were changing, and there were developments in South Africa, Angola and Mozambique.